LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 69.39 will persist.
Caution: A possible trend reversal in the direction of the support level at 65.9 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.9 |
| 2nd High | 71.73 |
| Next High | 69.39 |
| Current Price | 67.360000000 |
| Next Low | 65.9 |
| 2nd Low | 65.58 |
| 3rd Low | 52.71 |
69.39 – 71.73 – 75.9 – 65.9 – 69.61 – 65.58 —
68.600000000 – 69.170000000 —
46.027925933715 – 35.115117816265 —
– —
69.39000 – 1768971600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Double top retreat up – –